The benchmark Sensex lost 29 points at 20,864 in a volatile trade on Tuesday. Opening on a flattish note at 20,863 against the previous close of 20,894, it touched a low of 20,810 and high of 20,948.
The NSE Nifty was down two points at 6,203 points.
Wipro gained 2 per cent ahead of its September quarter financial performance. The Bangalore-based IT company reported a 20 per cent jump in net profit at Rs 1,932 crore after the market hours.
Financial Technologies promoted MCX dipped 5 per cent to Rs 475 even as the board of directors met in Mumbai to find a replacement for Shreekant Javalgekar, Managing Director of the exchange.
Rakesh Goyal, Senior Vice-President, Bonanza Portfolio said despite the volatility, positive bias was seen with market breadth showing strength. Major gainers were TCS, Axis Bank and L&T, he said.
Other gainers were Suzlon Energy (10%), Essar Oil (7%), ABB (6%), JP Power (5%), JSW Energy (5%), Dabur India (5%), Pidilite Inds (5%), Mangalore Ref (5%), NHPC (4%), Torrent Power (4%) and Reliance Power (4%).
The major losers for the day include Karnataka Bank (-5), Wockhardt (-4%), Ramcocem (-4%), M&M Fin (-3%) and Dish TV India (-3%).
Foreign institutional investors bought shares worth a net Rs 1032 crore on Monday, as per provisional data from the stock exchanges.